| Metric | Q3 2025 | Q2 2025 | Q3 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.2B | $1.1B | 12.4% | 20.0% |
| Op. Income | $444M | $311M | $169M | 42.7% | 161.7% |
| Gross Margin | 92.8% | 92.1% | 91.0% | 0.6pp | 1.8pp |
| Net Margin | 31.1% | 33.3% | 9.4% | -2.3pp | 21.7pp |
| EPS (Diluted) | $2.11 | $2.04 | $0.54 | 3.4% | 290.7% |
| Free Cash Flow | $545M | $26M | $293M | 2022.0% | 85.8% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $99M |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $507M |
| Selling & Marketing | $0 |
| General & Administrative | $329M |
| SG&A Expenses | $329M |
| Other Expenses | -$12M |
| Operating Expenses | $823M |
| Cost & Expenses | $922M |
| OPERATING INCOME | $444M |
| Interest Income | $27M |
| Interest Expense | $592.0K |
| Other Income/Expenses | $39M |
| INCOME BEFORE TAX | $482M |
| Income Tax Expense | $58M |
| Net Income from Continuing Ops | $424M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $424M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $424M |
| D&A | $24M |
| EBIT | $483M |
| EBITDA | $507M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $99M |
| GROSS PROFIT | $1.3B |
| R&D Expenses | $507M |
| Selling & Marketing | $0 |
| General & Administrative | $329M |
| SG&A Expenses | $329M |
| Other Expenses | -$12M |
| Operating Expenses | $823M |
| Cost & Expenses | $922M |
| OPERATING INCOME | $444M |
| Interest Income | $27M |
| Interest Expense | $592.0K |
| Other Income/Expenses | $39M |
| INCOME BEFORE TAX | $482M |
| Income Tax Expense | $58M |
| Net Income from Continuing Ops | $424M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $424M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $424M |
| D&A | $24M |
| EBIT | $483M |
| EBITDA | $507M |
| EPS | $2 |
| EPS Diluted | $2 |
| Item | Amount |
|---|---|
| Net Income | $424M |
| Depreciation & Amortization | $24M |
| Stock-Based Compensation | $62M |
| Deferred Income Tax | $124M |
| Other Non-Cash Items | -$14M |
| Change in Working Capital | -$60M |
| OPERATING CASH FLOW | $559M |
| Capital Expenditure | -$15M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$116M |
| Sales/Maturities of Investments | $108M |
| Other Investing Activities | -$25M |
| NET CASH FROM INVESTING | -$47M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$55M |
| NET CASH FROM FINANCING | -$13M |
| FREE CASH FLOW | $545M |
| Net Change in Cash | $500M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $2.5B |
| Short-Term Investments | $475M |
| Net Receivables | $896M |
| Inventory | $83M |
| Other Current Assets | $369M |
| TOTAL CURRENT ASSETS | $4.3B |
| PP&E (Net) | $827M |
| Goodwill | $156M |
| Intangible Assets | $119M |
| Long-Term Investments | $22M |
| Tax Assets | $528M |
| Other Non-Current Assets | -$22M |
| TOTAL NON-CURRENT ASSETS | $1.6B |
| TOTAL ASSETS | $6.3B |
| Account Payables | $172M |
| Short-Term Debt | $10M |
| Deferred Revenue | $0 |
| Other Current Liabilities | $988M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $310M |
| TOTAL NON-CURRENT LIABILITIES | $340M |
| TOTAL LIABILITIES | $1.7B |
| Common Stock | $196.0K |
| Additional Paid-In Capital | $4.7B |
| Retained Earnings | -$86M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $15M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $4.7B |
| Minority Interest | $0 |
| TOTAL EQUITY | $4.7B |
| TOTAL LIABILITIES & EQUITY | $6.3B |
| Total Debt | $41M |
| Net Debt | -$2.4B |
